COSTS AND ESTIMATED EARNINGS ON CONTRACTS IN EXCESS OF BILLINGS

12 Months Ended

Jul. 28, 2012

Costs and Estimated Earnings on Contracts in Excess of Billings [Abstract]

Costs and Estimated Earnings on Contracts in Excess of billings

4. Costs and Estimated Earnings on Contracts in Excess of Billings

Costs and estimated earnings in excess of billings, net, consist of the following:

	July 28,			July 30,
	2012			2011
	(Dollars in thousands)
Costs incurred on contracts in progress	$	100,766		$	71,685
Estimated to date earnings		26,555			19,170
Total costs and estimated earnings		127,321			90,855
Less: billings to date		(1,522	)		(749	)
	$	125,799		$	90,106
Included in the accompanying consolidated balance sheets under the captions:
Costs and estimated earnings in excess of billings	$	127,321		$	90,855
Billings in excess of costs and estimated earnings		(1,522	)		(749	)
	$	125,799		$	90,106

 The above amounts include revenue for services from contracts based both on the units-of-delivery and the cost-to-cost measures of the percentage of completion method.